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Bitcoin-Basics-->View question

how long does it take to mine a bitcoin?

Time involve in mining a bitcoin.


Asked On2022-01-26 15:12:33 by:shwet0710

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Bitcoin is mined in blocks, rather than in a consistent stream. Roughly every ten minutes, a block is produced by a miner, earning that miner new bitcoin. Mining is a random—or stochastic—process, more akin to a lottery than a construction project in that past work does not bring a miner any closer to mining a block.

The amount of bitcoin earned by a miner for a single block can vary. Currently, every block produces 6.25 new bitcoin, called the block subsidy. This subsidy will fall by half every four years. In addition, miners collect fees from every transaction included in their block. Today, fee revenue is volatile, but it forms a small portion of the total block reward.


Answerd on:2022-07-04 Answerd By:nalimela-vamshi

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It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of it. More commonly and reasonably, most users can mine a Bitcoin in 30 days.

Answerd on:2022-01-28 Answerd By:sarthak

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